Allowed
M/S Tarachand Mansilal and Co. v. S.S.Shete and Anr.
Bombay HCINPT/24/1962
Case brief
AI extract
What is this about?
The High Court of Judicature at Bombay, in its insolvency jurisdiction, considered a report by the Official Assignee regarding the surplus balance in Insolvency No. 24 of 1962. The court approved the transfer of the unclaimed balance to the capital revenue account.
What did the court decide?
Prayer to transfer the unclaimed balance of Rs. 8477.70 to the dividend capital revenue account and close the account under Rule 178 of the Bombay Insolvency Rules, 1910, granted.